A proposed link between the Estonian and Finnish capitals might benefit from China’s Belt and Road initiative.
The money will be provided by Touchstone Capital Partners as and when needed. Roughly one-third of the money is an equity investment, with the remaining two-thirds to be a loan.
FinEstBay, the company behind the project, says the project will run from Helsinki Airport to Tallinn airport and expect trains to be running by Christmas Eve 2024.”
That challenging timetable has raised eyebrows, with several planning stages including environmental impact studies still to be completed.
Peter Vesterbacka of FinEstBay says that FinEstBay will remain majority Finnish-owned as there is a desire to not have too much Chinese money invested in Finland.
Via Yle News Finland
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